By Dominic Chopping

STOCKHOLM--Swedbank said it has appointed Anna-Karin Laurell as the new head of Swedish banking and Malin Lilliecrona as head of a new business area with a focus on premium and private banking customers.

The Swedish lender said Monday that at the same time, corporate customers currently handled by advisors in Swedish banking are being moved to its corporates and institutions division.

Swedbank said that Laurell has experience as chief executive of sales and customer service manager in banking, insurance, telecommunications and the auction market and was previously head of marketing and sales at insurer Folksam.

Lilliecrona is currently head of Swedbank's wealth sales organization within Swedish banking.

Laurell and Lilliecrona will take up their positions no later than April 1, 2024, and will both become part of Swedbank's group executive committee.

Current head of Swedish banking Mikael Bjorknert will take on the role of senior advisor when the new business-area managers take over, it added.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

September 04, 2023 02:54 ET (06:54 GMT)

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